EP362: The Mind-Blowing Power of a Solo 401k – Interview with Dmitriy Fomichenko
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There are many ways to creatively finance real estate properties, and today on the podcast, we’re highlighting the incredible benefits of a solo 401k. This is an amazing investment type that you can utilize in order to maximize your benefits. If you’re looking to get the most bang for your buck out of your investment tools, this episode is for you!
On this episode of Investing in Real Estate, I’m sitting down with Dmitriy Fomichenko, the founder and president of Sense Financial Services to discuss the mind-blowing power of a solo 401k! Dmitriy is well versed on the ins and outs of solo 401ks, and he’s here to share his knowledge. We’re discussing the wide array of benefits of using a solo 401k, and how it can help you on your investing journey.
On this episode you’ll learn:
- The qualifications to open a solo 401k.
- Why it means to have checkbook control.
- How Dmitriy got started investing in real estate.
- Why real estate properties yield higher returns than conventional investments.
- The incredible tax benefits of a solo 401k.
- The facts about using a loan-servicing company when lending out of your solo 401k.
- The main difference between a traditional 401k and a solo 401k.
- The two major reasons someone would select a self-directed IRA instead of a solo 401k.
- And much more!
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